New VAT on Foreign Purchases up to $500 Raises Over $41 Million in First Quarter

• Over $41 million was collected in the first quarterly period from the new VAT on foreign goods purchases up to $500.
• The tax targets remote purchases from abroad through both foreign and national platforms, with the main contributors being Shein, Aliexpress, Temu, Amazon, and Ebay.
• The measure aims to combat tax evasion and level the playing field for compliant taxpayers.
• The law came into effect on October 25, 2025, and covers goods previously exempt from VAT and import duties if valued under $41.
• The SII highlighted the importance of voluntary compliance by major platforms and the focus on combating deliberate tax evasion.

Source: sii.cl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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